KB Home (NYSE:KBH) Holdings Cut by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its stake in shares of KB Home (NYSE:KBH) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 176,440 shares of the construction company’s stock after selling 10,987 shares during the period. Loomis Sayles & Co. L P’s holdings in KB Home were worth $11,596,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KBH. Jones Financial Companies Lllp lifted its stake in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Versant Capital Management Inc boosted its holdings in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. Amundi increased its position in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after buying an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in KB Home during the third quarter valued at about $59,000. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Trading Down 2.4 %

Shares of KBH opened at $57.79 on Friday. The stock’s 50-day moving average price is $63.43 and its 200 day moving average price is $72.41. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 12-month low of $56.41 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is 12.20%.

Analysts Set New Price Targets

KBH has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price target on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada decreased their target price on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a research note on Tuesday, March 25th. StockNews.com lowered shares of KB Home from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, UBS Group cut their target price on shares of KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.21.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.89% of the stock is owned by company insiders.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.